• Term Sheet - Monday, January 14

    5 monthes ago - By Fortune

    GOING DIRECT Good morning, Term Sheet readers.
    In case you missed it, Slack has decided to pursue a direct listing of its shares.
    This could potentially make it the second big technology company after Spotify to bypass a traditional IPO. A direct listing is an unusual move in which a company circumvents the traditional underwriting process and allows the market to play a greater role in determining the price. The benefits are clear - no hefty underwriter fees and no lock-up period. But of course, the faster and cheaper route also comes with risks such as increased volatility.
    Slack expects...
    Read more ...